NBA valuations have increased coming out of the pandemic due to the league's growth, profitability and clean balance sheet.
The average valuation multiple for the 30 teams is 8.6, versus 7 pre-Covid.
The average NBA franchise is now worth $2.86 billion, 15 percent more than a year ago despite the stock market being down more than 15 percent over the same period.
The average debt/enterprise value of the 30 teams is just 10 percent, which means buying a team today means an owner can quickly begin to make money and never have to put in extra money.
Tilman Fertitta has pulled out at least $60 million per year, except for the 20-21 season, since purchase the Houston Rockets in 2017.